Global Mining Market: Iron ore to reach US$75 per tonne in the 2015 2nd half

IRON ORE
IRON ORE

The price of an iron ore metric ton will fall to US$ 75 in the second half of 2015 with increased production of low cost ore from Brazil and Australia. This new supply contributes negatively to global oversupply along with the slowing growth of the real estate market in China.

The prediction was made by the investment bank CLSA.

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